Origin Materials, Inc. (ORGN): restructuring charge — Origin Materials board approves dissolution, liquidation; CEO steps down; workforce cut 59%

Origin Materials, Inc.

Board approved plan of dissolution and liquidation, subject to stockholder vote at special meeting.
Workforce reduced ~59% (~$14M annual savings); expects ~$2.1M restructuring charges in Q2 2026.
CEO John Bissell steps down effective May 1, 2026; CFO Matt Plavan appointed Interim CEO.
Interim CEO Plavan and General Counsel Joshua Lee receive 25% salary increase and retention bonuses ($183,618 and $153,696).
Company intends to sell technology and assets to maximize shareholder value during wind down.

item 2.05 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed (interim)

John Bissell

Chief Executive Officer

ORGN · Origin Materials, Inc.

Effective: 2026-05-01
Successor: Matt Plavan
Filed: May 1, 2026, 7:59 PM ET

John Bissell has stepped down as Chief Executive Officer, effective May 1, 2026.

Appointed (interim)

Matt Plavan

Interim Chief Executive Officer

ORGN · Origin Materials, Inc.

Effective: 2026-05-01
Filed: May 1, 2026, 7:59 PM ET

Matt Plavan, age 62, our Chief Financial Officer and Chief Operating Officer has been appointed Interim Chief Executive Officer, effective May 1, 2026.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John Bissell departed as Chief Executive Officer at Origin Materials, Inc..

Action: stepped down
Role: Chief Executive Officer

Exact text from the filing

John Bissell has stepped down as Chief Executive Officer, effective May 1, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Matt Plavan was appointed as Interim Chief Executive Officer at Origin Materials, Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

Matt Plavan, age 62, our Chief Financial Officer and Chief Operating Officer has been appointed Interim Chief Executive Officer, effective May 1, 2026.

View on SEC.gov

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Origin Materials, Inc. announced a restructuring with charges of approximately $2.1 million (approximately 59%).

Type: restructuring
Charge: approximately $2.1 million
Headcount: approximately 59%

Exact text from the filing

its workforce by approximately 59%, resulting in an approximately $14.0 million decrease in annual operating expenses. Origin anticipates that it will incur approximately $2.1 million in restructuring charges in connection with the workforce reduction, primarily consisting of cash expenditures of approximately $2.1 million for severance and benefits costs.

View on SEC.gov

3 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

Origin Materials, Inc. filing history →

Source: SEC EDGAR

accession 0001802457-26-000021

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